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Correction: ICG : Board Change

Intermediate Capital Group plc
Intermediate Capital Group plc

Intermediate Capital Group plc (the “Company” or “ICG”) – Board Change

The Board of ICG announces that William Rucker has been appointed as a Non-Executive Director and Chair of the Company.

Mr Rucker will join the Board on 31 January 2023 and will succeed Andrew Sykes who has acted as interim Chair since March 2022. Mr Sykes will continue to serve as a Non-Executive Director of the Company, and will return to his role as Senior Independent Director.

William Rucker is currently Chairman of Lazard in the UK, an investment bank focused on asset management and financial advisory businesses, which he joined in 1987 from Arthur Andersen where he qualified as a Chartered Accountant.

He has extensive experience in the financial services sector as well as wide-ranging governance experience having served on, and been Chairman of, the boards of a number of significant listed companies, charities and other bodies.

Andrew Sykes said: "We are delighted that William has agreed to join the Board at such an important moment in ICG’s development. The breadth of his experience within financial services will be of great benefit to the company and I look forward to working with him.”

William Rucker said: “It is an honour to have been asked to chair the Board of ICG, a preeminent global alternative asset manager whose development and growth I have watched and admired over many years. I look forward to working with the Board and with management to support the company and its shareholders as it continues to execute its successful growth strategy.”

Mr Rucker’s other appointments are listed below and no other information is required to be disclosed pursuant to LR 9.6.13R of the Listing Rules of the Financial Conduct Authority.

Ends

Contacts

Chris Hunt
Shareholder Relations, ICG plc
+44 (0) 20 3545 2020

Andrew Lewis
Company Secretary, ICG plc
+44 (0) 20 3545 1344

Fiona Laffan
Corporate Affairs, ICG PLC
+44 (0) 20 3545 1510

Notes:

Committee Appointments

William Rucker will become chair of the Nominations and Governance Committee and a member of the Remuneration Committee from 31 January 2023.

Interests in shares

As at the date of this announcement, William Rucker and his connected persons do not hold any shares in the Company.

Other Non Executive Appointments:

Chairman of Marston’s Plc

Charities, public bodies and not-for-profit

Chairman of the UK Dementia Research Institute

Steward of the Jockey Club

Founder Director of Flint Housing, a registered for profit housing association

Selected previous roles

Lazard UK – CEO January 2000 to September 2019, Chairman since September 2019

Chairman of Crest Nicholson

Chairman of Quintain Estates and Developments

Non-Executive Director of Rentokil